PGA TOUR, DP World Tour, and PIF Announce Merger to Unify PGA and LIV Golf Commercial Businesses

TPG Acquires Learfield to Expand College Sports Media, Sponsorship, and Fan Engagement Platform

April 16, 2026

Media & Entertainment

TPG signed a definitive agreement to acquire Learfield, a major college sports media and technology company powering monetization for collegiate athletics. The deal is expected to close in the third quarter of 2026 and will invest additional capital through TPG Capital and TPG Sports to accelerate Learfield’s data, media, technology, ticketing, NIL, and sponsorship capabilities. Charlesbank Capital Partners will remain a minority investor while other investors are expected to exit their positions.

Saudi PIF Consortium Acquires Electronic Arts (EA) for $55B

March 6, 2026

Media & Entertainment

Electronic Arts (EA) was taken private in a $55 billion all-cash transaction led by Saudi Arabia’s Public Investment Fund (PIF), along with Silver Lake and Affinity Partners. The deal closed on August 4, 2026, with EA shareholders receiving $210 per share and EA delisted from Nasdaq.

Worldwide Golf and Capitol Hill Group Acquire Big 5 Sporting Goods

October 2, 2025

Retail

A partnership comprised of Worldwide Golf and Capitol Hill Group completed a merger to take Big 5 Sporting Goods private, with Big 5 surviving as a wholly owned subsidiary of the partnership. Under the deal, Big 5 stockholders will receive $1.45 per share in cash; the buyers said the combination pairs Capitol Hill Group's capital with Worldwide Golf's specialty retail expertise to re-energize growth.

Bregal Unternehmerkapital Acquires Perfect Drive Sports Group

March 30, 2021

E-Commerce

Funds advised by Bregal Unternehmerkapital acquired a majority stake in Perfect Drive Sports Group (PDSG) — Europe’s leading e-commerce provider of golf apparel and equipment — from Afinum. PDSG combines All4Golf (Hanover, Germany) and Clubhouse Golf (Manchester, UK), employs approximately 140 people across the group, and BU plans to partner with management to drive organic and inorganic growth and further internationalisation.

Callaway Golf Company Completes Merger with Topgolf International

March 8, 2021

Media & Entertainment

Callaway Golf Company and Topgolf International have completed their previously announced merger to form a combined, tech-enabled golf and entertainment leader. Under the terms of the deal Callaway issued approximately 90 million shares to Topgolf shareholders; immediately post-close Callaway shareholders owned ~51.3% and former Topgolf shareholders owned ~48.7% of the combined company, which is headquartered in Carlsbad, California with Topgolf operations based in Dallas, Texas.

Unified Door and Hardware Group (Dunes Point Capital Portfolio) Merges with LIF Industries

December 21, 2020

Building Products

Unified Door and Hardware Group, a portfolio company of Dunes Point Capital, has merged with LIF Industries. The transaction combines Unified's 16-location, value-add distribution platform with LIF's Port Washington-based manufacturing and distribution capabilities (approximately 400 employees) to expand product and geographic reach in doors, frames and hardware.